Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

Bullish on international equities, bearish on bonds

ALEX DUNNIN  |  WEDNESDAY, 20 DEC 2006
Two surveys reveal investors are expecting big things from international equities next year though they remain bearish on bonds, but the mixed results for Australian equities suggests divided sentiment on the sector.

ASIC takes SMSF site offline

HAMISH MADDEN  |  WEDNESDAY, 20 DEC 2006
A website offering to assist consumers in setting up and operating a self-managed superannuation fund (SMSF) has been taken offline after an investigation by the Australian Securities and Investments Commission (ASIC).

ANZ to offer Over Fifty Group reverse mortgages

HAMISH MADDEN  |  TUESDAY, 19 DEC 2006
The Over Fifty Group has just announced that it will begin piloting a reverse mortgage product with the Australia and New Zealand Banking Group (ANZ).

Managing market might require regulatory change: Macfarlane

ALEX DUNNIN  |  TUESDAY, 19 DEC 2006
Speaking at the 2006 ABC Radio Boyer Lectures, former Reserve Bank Governor Ian Macfarlane said while growing national savings is good, it nonetheless leads to more reliance upon financial markets and money managers, potentially increasing volatility ...

JUST Super and Print Super to merge

ALEX DUNNIN  |  TUESDAY, 19 DEC 2006
JUST Super and Print Super have announced an in principle decision to merge, forming a combined fund holding 110,000 members and controlling $2.1 billion in assets.

Coin adds 150 extras and goes STP

ALEX DUNNIN  |  TUESDAY, 19 DEC 2006
Macquarie owned Coin Software has released an upgrade offering over 150 enhancements aimed at delivering improved flexibility as well as straight through processing (STP) support.

AMP Capital Investors completes $280m China capital raising

HAMISH MADDEN  |  TUESDAY, 19 DEC 2006
AMP Capital Investors has completed a $280 million capital raising for its AMP Capital China Growth Fund, which gives Australian investors a rare chance to access China A shares through an Australian listed vehicle.

ASIC updates court on Westpoint progress

HAMISH MADDEN  |  TUESDAY, 19 DEC 2006
The Federal Court in Perth yesterday received an update from the Australian Securities and Investments Commission (ASIC) on its investigations into the Westpoint collapse in support of ASIC's bid to extend the freezing of assets of key Westpoint figures.

Westpoint Recovery Fund still in pursuit

HAMISH MADDEN  |  MONDAY, 18 DEC 2006
Ian Bristow, trustee of the Westpoint Recovery Fund and managing director of Money Matters Financial Solutions, said he intends to maintain the legal pursuit of Westpoint directors, KPMG and eventually the regulator.

Suncorp-Promina integration costs lower than expected

WWW.THESHEET.COM  |  MONDAY, 18 DEC 2006
Management of Suncorp and Promina believe integrating the two organisations will cost $355 million, slightly less than first estimated.